High-Risk DeFi Loans Spike Post-US Election Amid Crypto Market Rally
High-risk DeFi loans have skyrocketed since the US election, just months after Curve’s founder was liquidated for over $100 million. The value of cryptocurrency loans is rapidly increasing, possibly signaling a cautionary trend for crypto markets amid investor optimism following the U.S. presidential election. Data from IntoTheBlock shared in a Nov. 6 post on X […]
California Revokes BlockFi’s Lending License Two Years Post-Bankruptcy
Bankrupt and now defunct BlockFi has entered into a settlement in which it has consented to the revocation of its license and to cease unsafe practices. The California Department of Financial Protection and Innovation (DFPI) has permanently revoked the license of BlockFi, a bankrupt cryptocurrency lender, two years after the company declared bankruptcy. On November 7, […]
Unstoppable Domains Adds Monero Usernames with Cake Wallet
Cake Wallet users can now use.xmr domains in their blockchain interactions through the new partnership. Blockchain domain provider Unstoppable Domains has teamed up with Cake Wallet, an open-source wallet, to introduce a new top-level domain specifically for Monero enthusiasts, the companies announced. Unstoppable Domains revealed that the new .xmr domains enable Cake Wallet and Monero […]
WhiteBIT Exchange Introduces Bull Run App To Reward Crypto Users Daily
WhiteBIT Bull Run app launches daily prediction challenges and rewards promotion for loyal users on its sixth anniversary. WhiteBIT, a leading European crypto exchange, has launched the Bull Run app on Telegram in celebration of its 6th anniversary. This app invites users to join in daily Bitcoin price prediction challenges by guessing if Bitcoin’s price will […]
DeFi Tokens Surge 30% Amid Optimism for ‘Friendlier’ Landscape Under Trump
DeFi firms have been concerned about implementing “value accrual mechanisms” for their tokens under SEC supervision — but that could change with President-elect Donald Trump. Decentralized finance (DeFi) tokens surged by over 30% as traders anticipate that the Trump administration will boost the “investment appeal” of holding “utility” tokens, per an industry analyst. Among the biggest […]